Our Future Together: Caring Never Changes
ECHN Public Hearing-Certificate of Need Determination Letter
June 1, 2014 - On May 12, 91 percent of our Corporators voted in support of the Asset Purchase Agreement (APA). The affirmative vote by ECHN's Corporators allows us to move to the next phase of the transaction, the regulatory approval phase. This will include the Certificate of Need (CON) filings with state and federal authorities.
The bill (Public Act 14-168), legislating hospital conversions from “not-for-profit” to “for-profit” status, was approved by the General Assembly and signed into law by Governor Malloy. This new legislation, which allows a for-profit health system to establish a not-for-profit medical foundation, supports our transaction with the joint venture formed by Tenet and YNHHS. In addition, the legislation now requires that applicants for a hospital conversion host a public hearing for the CON Letter of Determination in the town where the hospital is located.
A copy of our filing can be seen here:http://www.echn.org/Files/Certificate-of-Need-Determination-Letter.aspx. All documentation from these public hearings will be sent to the Attorney General and the Commissioner of the Department of Public Health to begin the state regulatory approval process.
In accordance with the requirements of the new legislation, ECHN will hold an additional two public hearings. The schedule can be viewed here.
In the coming months, we will continue to work diligently with state and federal officials to ensure the process is complete, transparent and in full compliance with legislative requirements.
Health care is changing,
but our commitment to the community never will.
In August 2013, the ECHN Board of Trustees announced that it had moved forward with a non-binding letter of intent (LOI) to negotiate the sale of ECHN to a newly formed partnership between Tenet Healthcare Corporation (formerly Vanguard Health Systems) and Yale New Haven Health System (YNHHS).
A definitive Asset Purchase Agreement has been approved by the ECHN Board of Trustees and will soon be presented to the ECHN Corporators.
We are committed to keeping this entire acquisition process transparent. This section of our website has been created to keep you informed of the latest news, public forums, additional information pertaining to changes in health care and a way to contact us with your feedback or any questions you may have.
We feel strongly that the corporations and individuals associated with this acquisition share in our values and commitment to caring for the local community. We hope that the decision to partner with Tenet and Yale New Haven will have your support.
ECHN Pleased with Passage of For-Profit Hospital Bill
May 8, 2014 - Eastern Connecticut Health Network (ECHN) is pleased with the Connecticut General Assembly’s passage of a bill that allows the health system to move forward with its proposed transaction with Tenet Healthcare Corporation and Yale New Haven Health System.
“We’d like to thank the Governor’s office and the Legislature for working to craft a bill that recognizes the rapidly changing environment for hospitals with health care reform and the importance for some Connecticut hospitals to convert to for-profit institutions,” said Dennis McConville, Senior Vice President and Chief Strategy Officer at ECHN. “We are most pleased with the support and commitment shown by our local legislative representatives. Today, health care providers are finding themselves increasingly challenged by very complex issues, and our legislators spent a lot of time over the past year listening to our concerns and sharing this information with their colleagues.”
While there is still work to be done, ECHN believes this legislation lays the groundwork for a strategic partnership to be formed that will allow it to continue to provide local access to quality care for the patients it serves. “We look forward to working with our local and state leaders in the future so that we can collaboratively address the challenges facing the health care industry,” said McConville.